We recently published a list of Was Jim Cramer Right About These 16 Stocks?. In this article, we are going to take a look at where Marvell Technology Inc. (NASDAQ:MRVL) stands against other stocks that Jim Cramer discussed 12 months ago during his show on March 18, 2024.
On the most recent episode of Mad Money, Jim Cramer advised his viewers against exiting the market entirely, despite the sharp sell-off. He also reminded viewers that, historically, the market has always found its bottom, and stocks can rebound over time. Cramer then addressed the idea of selling everything but he raised an important question saying:
“Sure you can get out, but can you get back in? Selling everything right now feels great. We know that President Trump is now hanging with the bears… As he himself said you can’t really watch the stock market, the stock market’s the problems of the rich, and they don’t matter as long as it, they can take a hit. And that’s a zeitgeist from the Walmart White House where Trump’s giving us everyday lower prices for stocks.”
Cramer then pointed out the disparity between President Trump’s approach and what long-term investors might believe is the right course of action. In the past, Cramer noted, figures like Trump and Federal Reserve Chairman Jerome Powell were seen as stabilizers, or “puts,” that would help cushion the market’s downward moves. However, no one seems to be talking about that kind of support lately. He added:
“People are capitulating because they want to get rid of the pain and they don’t want to lose the game… See, there’s just one problem. How do you get back in?”
Cramer also highlighted a common pitfall: many investors get scared off during market downturns and fail to seize the opportunity to buy strong companies at lower prices. He pointed out that this fear leads people to miss out on significant future gains, leaving them on the sidelines while others take advantage of lower stock prices and reap substantial rewards.
“It’s why you should be thinking of buying the great companies here, not selling them. To not get good merchandise as it starts being really cheap is a failure of imagination, to not have held them all the way could be a failure of recognition.”
Methodology
For this article, we compiled a list of 16 stocks that were discussed by Jim Cramer during the episode of Mad Money on March 18, 2024. We then calculated their performance from March 18th, 2024, market close to March 7th, 2025, market close. We have also included the hedge fund sentiment for the stocks, which we sourced from Insider Monkey’s Q4 2024 database of over 900 hedge funds. The stocks are listed in the order that Cramer mentioned them.
Note: This article covers Jim Cramer’s commentary from March 18, 2024, and does not account for any changes in his opinions regarding the stocks mentioned. Therefore, the commentary should not be mistaken for his latest opinions on any of the stocks that are mentioned.
At Insider Monkey we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points. (see more details here).
An assembly line in a semiconductor factory, with workers at their stations.
Marvell Technology Inc. (NASDAQ:MRVL)
Number of Hedge Fund Investors: 105
Cramer had a neutral stance on Marvell Technology Inc. (NASDAQ:MRVL) back then, advising investors to wait for a turnaround, believing it wasn’t the right time to buy:
“It had a mixed quarter. Part of the business is on fire, part of it is not on fire at all. That’s why I’m saying we got to wait. We got to get closer to when the rest of the business turns around; it’s not there yet.”
Overall, the stock hasn’t performed well since, being down by 2.78%.
On the 7th of March, Cramer talked about Marvell again, and had this to say:
“Look I think that it was terrific that Marvell got the Amazon contract. But I think people are going to say the reason why we sold it was it turned out that Broadcom got a huge new customer list. This is Softbank, Arm. If they’re really involved, it’s big. OpenAI. Apple. I would have thought maybe, look I think Marvell’s great. I think Matt Murphy’s very good, the CEO, he’s really competitive. . .But I would say that Hock Tan crushed him, by the way, Hock Tan, can I just say he put together this company out of, just piece after piece. And he’s got now the custom-made chip. That segment he owns.”
Overall, MRVL ranks 4th on our list of stocks that Jim Cramer discussed 12 months ago. While we acknowledge the potential of MRVL as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MRVL but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.